Vietnamese Rideshare Company Green and Smart Mobility Plans U.S. Market Entry
Green and Smart Mobility (GSM), a Vietnamese rideshare company, is planning to expand into the United States and Europe by year-end. The firm partners with Vietnam's largest automaker, VinFast (VFS), which provides all vehicles for GSM’s service. Owned by VinFast CEO Pham Nhat Vuong, this move could introduce competition in markets dominated by Uber and Lyft. GSM aims to leverage its partnership with VinFast to establish a presence in the U.S., where rideshare services are highly competitive but also well-established. The expansion signals growing international ambitions for Vietnamese tech firms backed by major automotive players.
Tickers: $VFS
Topics: Expansion International markets Rideshare